ES Journal - 2015

I thought for sure that ES trading be better than concentrating on Crude today, I was so wrong, LOL This is what happens when you are a mechanical trader and stick in invalid thought, thought price might rip early up through trend lines. So I traded early morning chop in Crude which I love and then concentrated on ES. Prefer just chop, easier and less chances of loss.

Time to book to Starbucks all, done for the day Yabba Dabba Do.
 

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Handle123 said:
Prefer just chop, easier and less chances of loss.
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I'm so glad that someone else believes this! This is exactly how I look at it as well. I'd much prefer chop to a huge trend, because I like the idea of having at least some sort of range boundary (imaginary or not) to the day.
 
The way this counter trendlines work is they react, trapping countertrend traders, offer some selling, and then U turn and break the line and take all stops.

Minor selling first, then back to buying, obviously not in the same bar, it's a process.
Dow.png
 
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